Cost of Living in Kremmling, CO

With a cost of living index of 111, Kremmling, CO is somewhat more expensive than average. Living here is 11% more expensive than the national average and 3% below the Colorado state average of 114. Kremmling is a small community of 1,844 residents.

Housing costs are the biggest factor in Kremmling's cost of living. The median monthly rent is $1,631 (24% above the US median of $1,319), and the median home value sits at $322,400 (6% above the national median of $304,900). At current prices, the median home costs roughly 4.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Kremmling is $72,650, which is 3% lower than the national median of $75,149. Residents spend roughly 27% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.